Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team (PRTT) in Nigeria, faced a series of corruption allegations and charges spanning over a decade.

Key Details of the Corruption Charges:

• Money Laundering: Maina was found guilty of laundering funds to the tune of N2.1 billion.

• Concealment of Identity: He was convicted of concealing his true identity as a signatory to accounts opened in UBA and Fidelity banks, using the identities of family members without their knowledge.

• Illegal Cash Deposits: These accounts had cash deposits of N300 million, N500 million, and N1.5 billion.

• Property Purchase: Maina was found guilty of purchasing a property in Abuja for $1.4 million in cash, above the statutory threshold of N5 million and without passing through a financial institution.

• Pension Fund Theft: The court held that Maina stole monies meant for pensioners as he could not prove where he got the funds from.

The case against Abdulrasheed Maina highlights the Nigerian government's efforts to combat high-level corruption, particularly in the management of pension funds.

Corruption allegation against Abdulrasheed Maina

Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team (PRTT).